Problem:
A company had various regimes and post-UCC (import, export and storage procedures following the introduction of the Union Customs Code), if one regime expires, a new assessment would be made on all other authorisations.
Solution:
VernonRato Limited undertook the responsibility for reapplying for these authorisations and under UCC regulations had to apply for a CCG.
As the company was not authorised for AEO (Authorised Economic Operator) status and, with their history the CCG should have been 100%, which would mean a payment of £21 million. Demonstrations of compliance with correct processes and procedures enabled them to get a 0% guarantee for the business.
Results:
When the company applied for Customs Warehouse, a guarantee needed to be in place for 100% of their imports from a 3rd country. This again was a 0% guarantee from a potential £72 million.
